Consider the following data collected for Great Homes, Inc.: Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor First compute the price officiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorablo (U). Price variance Efficiency variance Flexible-budget variance Direct Materials Manufacturing Labor 200,000 $ 90,000 86,000 214,000 Costs incurred: Actual inputs x actual prices Actual inputs x standard prices Standard inputs allowed for actual output x standard prices 225,000 80,000